secwatch.observer — SEC 8-K summary
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Issuer:     OFFICE PROPERTIES INCOME TRUST (OPIRQ)
CIK:        0001456772
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001456772-22-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPI Q3 2022: Net income $17M, Normalized FFO $1.11/sh, occupancy 90.7%
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- Net income of $17.0M ($0.35 diluted EPS) vs $3.7M ($0.08) in prior year; includes $16.9M net gain on sale.
- Normalized FFO per share $1.11, down from $1.24 in Q3 2021; CAD $0.58 vs $0.64.
- Leased 606k sq ft with 21.6% rent roll-up and 7.2-year weighted average lease term.
- Sold 10 properties for $118.2M at ~6.8% cap rate; expects ~92% occupancy by year-end.
- Prepaid $22.9M mortgage at $22.2M discount; $615M available on revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1456772/000145677222000030/0001456772-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1456772/000145677222000030/opi-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001456772-22-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer